Divorce Mortgages
With the state of the economy today many people are dividing up debt rather than assets in divorce. One of the biggest decisions divorcing parties must make is what to do with their home. It is more difficult these days for one party to qualify for a mortgage or to refinance a home than it was a few...
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The disposition of the homestead is determined in the divorce.  If one party is awarded the house, but the other party is still on the mortgage, then both parties could be liable for any deficiencies or missed payments on the property. An Example For example: Jack and Jill own a home during their marriage. Both...
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